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Posting pre-payments

Posted: 05 Oct 2011, 16:03
by Daveall1983
Hi im hoping someone can help.
Im using sage line50 V9 and want to know if there is any way of posting what i can only assume is a pre-payment.

Heres my situation:
Our premises rental is quarterly payment. so take this month as an example I received an invoice and made the full payment.
However On sage I raised it as 3 seperate invoices (dividing the invoice value 3 ways) for Oct, Nov, Dec so that the values show correctly when i run managements (Monthly rental) However doing it this way means the VAT gets split across 3 months meaning I cant claim it all in one go. is there a way to make the full payment allowing me the full VAT available and still allow it to show as monthly on the managements.

Any advice would be greatly appreciated

Re: Posting pre-payments

Posted: 11 Oct 2011, 11:58
by brucedenney
You can use prepayments to move the rent to the correct period and enter the invoice with its correct tax point date for VAT.